Gazprom switches strategy to settle antitrust case

By Andreas Walstad 20 March 2017
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Construction of the OPAL pipeline. The European Commission recently allowed Gazprom to increase its flows on the line. (Wingas) Construction of the OPAL pipeline. The European Commission recently allowed Gazprom to increase its flows on the line. (Wingas)

The European Commission is expected to reach a settlement with Gazprom over its longstanding antitrust case after Brussels announced last week it was pleased with the remedies put forward by the Russian side.

Gazprom’s pledge to allow importers in Eastern Europe to renegotiate long-term contracts to better reflect hub prices is a significant development that will also help the Russian company protect its market share as competition from LNG suppliers starts to ramp up.

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